A Bigger Slice of Space

The space sector provides some great opportunities for traditional and new entrants to the supply chain. It’s a market hungry for new technologies and engineering solutions. Recently, there have been a number of articles indicating that the space sector has a strong propensity for growth, highlighting that the global space market is forecasted to double by 2030. The UK space industry aims to double its share of the world market from 5%-10%, with revenues set to grow from £7.5bn in 2009 to £40bn by 2030.

This lucrative sector is split into two segments – upstream and downstream.